RentData

Average Rent in Pike County, MS Rents rising 5.6% YoY🔺 10th priciest in MS

HUD FY2025 · Official government data · Updated annually · Metro pop. 39,930

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Pike County, MS has rental prices ranging from $929/month to $1,424/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $938/month — 33% below the national average of $1,400/month. With a median household income of $41,578/year, spending $938/month on a 1-bedroom represents 27% of gross income — within the recommended 30% threshold.

How Pike County Compares

With an average 2-bedroom rent of $1,074/month, Pike County ranks #10 most expensive of the 79 cities tracked in Mississippi — pricier than 73% of all US cities in our data.

The Pike County Rental Market

The Pike County, MS area has a population of about 39,930 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Pike County, MS have risen by $57/month (5.6%) over the past year, from $1,017 to $1,074. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Pike County, MS without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $37,520. The local median household income of $41,578 exceeds that threshold by $4,058, making Pike County relatively accessible compared to local wages.

Economy & Jobs

Pike County, MS has an unemployment rate of 4.7%, 0.8 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Fair Market Rents

HUD FY2025
Studio
$929
Affordable
1 Bedroom
$938
Affordable
2 Bedrooms
$1,074
5.6% YoY
Average
3 Bedrooms
$1,294
Average
4 Bedrooms
$1,424
Expensive
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Is Pike County, MS Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$42,960/year
Local median income: $41,578
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,074/month and 20% down on a home at 7% rate.

Nearby Cities in MSlargest metros in the state

CityStudio1BR2BR3BRHome Value
Holmes County$811$843$933$1,232
Jackson$1,045$1,051$1,232$1,484
Stone County$711$730$958$1,154
Pascagoula$922$972$1,094$1,466
Gulfport$766$896$1,117$1,446
Covington County$656$783$933$1,232

Rent or Buy in Pike County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Pike County data

$
Home Value
$350,000
2BR Rent
$1,074/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 3 years — worth it if you stay 3+ years.

Total monthly buy cost: $2,577/movs rent: $1,074/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Pike County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Pike County

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💵Rent Affordability in Pike County

Salary needed to afford rent here

🗺️All Cities in MS

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⚖️Compare Pike County

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📋MS Tenant Rights

Deposit limits, eviction laws & renters protections